The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or ...
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My strategy: I used many techniques in my analysis:
Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. ...
GOLD Weekly View:
89 EMA is good to identify Long Term Trend.
Last week, Gold already break down the 89 EMA
This Week, Gold made lower low and confirmed Bearish Trend.
From Supply - Demand view: Gold doesnt' have good demand zone untill 1133
From Harmonic Pattern View: Gold may complete the AB=CD untill 1113
Therefore, The only Strategy we are going to apply ...
Bullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart.
This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection.
I'm expecting price to break resistance @ B followed by an acceleration in price ...
The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the ...
In a nutshell:
Leg 2 is almost completed with PRZ: CHFJPY 113.00 - 113.70
I wait for the retest of the PRZ
If 1.618 FIB Level is completed TP as the following: TP1: 111.85/TP2: 111.30/TP3: 110.750; please adjust TP if we break the trendline before
What do we see:
Within 15 Business days we formed leg 1 (350 pips)
We saw a textbook retracement: FIB 0.618 - ...
OIL complete AB=CD
and price failed to break 73.
in 4h timeframe, we found a bearish engulfing
in 1h timeframe, we found an Inside Bar break down
Therefore, we can sell USOIL now
SL 73.10
TP1: 70.80
TP2: 68.00
TP3: 61.00
We have just seen as MAs (77&200) has crossed on Weekly (!) chart. https://www.tradingview.com/x/C3O75ymS/
You could remember what Gold falling has started after MAs (44&77) had crossed on Daily. https://www.tradingview.com/x/L9TIpwSv/ However... 200SMA & Weekly make much more solid sign. So the sign is very important in our understanding of a market. That's why ...
EUR/JPY is now restesting the PRZ of a bearish gartley on the 1h chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786
Use the 15m chart for entries! Minimum 1:2 R:R trade.
https://www.tradingview.com/x/UGA5EmXT/
Safe trading everyone!
I think FX:GBPJPY touched the bearish trend line and completed its AB=CD pattern if price breaks the bearish trend line, analysis will fail instead if price makes a new lows gartley pattern & AB=CD will work.
pleas note: it's just my idea not a signal , thanks
What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the ...
